It has emerged that BMW is working on the development of what might be a cut price M3. The new M Performance car would be based on the new 1-series sedan and would be the cheapest M car to be on sale. The new M1 would be positioned against the hi performance Mercedes-Benz CLA45 AMG and Audi S3.
The new Bimmer would be powered by a 300bhp+, 2.0-litre, turbo charged motor with power being transmitted to the front wheels.
The BMW M1 is expected to debut in late 2015.